China’s industrial output sustained stable growth in August with booming new growth drivers and strong exports. The country’s value-added industrial output, an important economic indicator, expanded 4.5% year on year in August, according to official data from the National Bureau of Statistics (NBS). On a monthly basis, the industrial output edged up 0.32% in August from the previous month.

The industrial output measures the activity of enterprises each with an annual main business turnover of at least 20 million yuan (about US$ 2.82 million).

Addressing a press conference, NBS spokesperson Liu Aihua said that nearly 80% of industries and over 50% of products registered year-on-year increases.

From January to August, the textile industry’s value-added output upped by 5.2%.

By product, in August, the production of 339 out of 619 kinds of products increased year-on-year. Among them, fabric output dropped by 1.9% year-on-year in August to 2.7 billion meters but grew by 3.0% year-on-year in January to August to 21.3 billion meters. And the output of chemical fibers upped by 0.9% year-on-year in August to 6.6 million tons and surged 10.6% year-on-year to 52.04 million in January to August.

Source: CHINA TEXTILE LEADER Express